Bon-Ton Stores Inc (BONT) : Dw Partners Lp reduced its stake in Bon-Ton Stores Inc by 68.87% during the most recent quarter end. The investment management company now holds a total of 525,000 shares of Bon-Ton Stores Inc which is valued at $1 Million after selling 1,161,662 shares in Bon-Ton Stores Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Bon-Ton Stores Inc makes up approximately 1.94% of Dw Partners Lp’s portfolio.
Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in BONT during the most recent quarter. The investment firm sold 17,035 shares of BONT which is valued $33,559.Spark Investment Management boosted its stake in BONT in the latest quarter, The investment management firm added 20,900 additional shares and now holds a total of 63,300 shares of Bon-Ton Stores Inc which is valued at $124,701. Bon-Ton Stores Inc makes up approx 0.01% of Spark Investment Management’s portfolio.Gamco Investors Et Al reduced its stake in BONT by selling 28,000 shares or 4.06% in the most recent quarter. The Hedge Fund company now holds 662,000 shares of BONT which is valued at $1.4 Million. Bon-Ton Stores Inc makes up approx 0.01% of Gamco Investors Et Al’s portfolio.
Bon-Ton Stores Inc closed down -0.01 points or -0.63% at $1.57 with 99,175 shares getting traded on Wednesday. Post opening the session at $1.59, the shares hit an intraday low of $1.54 and an intraday high of $1.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Bon-Ton Stores Inc reported $-1.91 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $-1.50. The company had revenue of $608.40 million for the quarter, compared to analysts expectations of $628.00 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.74 EPS.
Many Wall Street Analysts have commented on Bon-Ton Stores Inc. Bon-Ton Stores Inc was Downgraded by Credit Suisse to ” Underperform” on Apr 15, 2016.
The Bon-Ton Stores Inc. is a department store operator. The Company offers a range of brand-name fashion apparel and accessories for women men and children. It operates approximately 270 stores in 26 states in the Northeast Midwest and upper Great Plains under the Bon-Ton Bergner’s Boston Store Carson’s Elder-Beerman Herberger’s and Younkers nameplates encompassing a total of approximately 25 million square feet. The Company operates through two segments: stores and e-Commerce segments. Its stores offer a range of fashion apparel and accessories for women men and children as well as cosmetics home furnishings and other goods. Its nationally distributed brand assortment includes labels in the apparel accessories footwear cosmetics and home furnishings industries such as Anne Klein Clarks Clinique and Calvin Klein among others. The Company’s private brand portfolio includes brands such as Laura Ashley Le Tigre Cuddle Bear Ruff Hewn and Relativity among others.